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US President Donald Trump rocked the world with his recent "declaration of economic independence." He announced a raft of reciprocal tariffs on goods imported into the US, including a 10 per cent baseline tariff. The entire world reacted.
A headline in the New York Times read, 'Trump trade war risks forfeiting America's economic primacy'. The article that followed it declared, "The US has steered an economic order for 80 years based on trade and trust, making the country the world's financial superpower. That vision is now blurred."
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